Institute Submits Comments on IRS Technology Proposals for Retirement Plans

Washington, DC, March 19, 1999 - The Institute has submitted a comment letter on the Internal Revenue Service's proposed regulations regarding "paperless technologies." In its letter, the Institute reiterates its support of the Service's proposal to permit the use of "paperless" technologies to deliver various retirement plan notices and receive various participant elections and consents. The Institute urges the prompt adoption of final regulations and recommends a few minor changes.